Should I cash out my BTC now? - page 15.

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Quote from: hassanabid on July 17, 2017, 11:23:47 AM

If you had your payment in BTC, would you cash out your money or you would wait increasing of cryptocurrency?

I think it is better to wait and keep your bitcoin than spending all of it into a nonsense things. As you can see now the worth of bitcoin is still increasing so that if you keep your bitcoin, your money become doubled or maybe it will be tripled. No one knows what will happen.

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Quote from: hassanabid on July 17, 2017, 11:23:47 AM

If you had your payment in BTC, would you cash out your money or you would wait increasing of cryptocurrency?

no , and im sure most of people here only cash out their btc if theres any important purpose and if you will keep the rest btc in ur wallet , you still had many good opportunities to use them like gambling , investing and trading as well , i mostly withdraw it for emergency purpose

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Quote from: hassanabid on July 17, 2017, 11:23:47 AM

If you had your payment in BTC, would you cash out your money or you would wait increasing of cryptocurrency?

I would cash out some because I wanted to reduce my risk of holding just bitcoin because what if something will happen that we do not expect, then I will lose it all. I know that it is something that is highly unlikely to happen but I'm just being sure. I would use the money that I cash out to build another business not related to cryptocurrency to have another source of income.

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Quote from: hassanabid on July 17, 2017, 11:23:47 AM

If you had your payment in BTC, would you cash out your money or you would wait increasing of cryptocurrency?

If I had a payment today with BTC, I would not cash it our instantly even though that I know that the price of the coin is high because I'm have the knowledge of the currency unlike other people if they don't have any knowledge they will just instantly exchange their BTC and cash it out but for me being smart and having the knowledge is an advantage here in cryptoworld. I believe that BTC will surely increase more in the future, so as an investment I would not cash it out and wait until it increases its price cap.

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Quote from: MostHigh on August 18, 2017, 08:26:19 AM

You probably need to wait for sometime because bitcoin is definitely going to go up again. In crpto investment you know u ve got to be patient. Pe patient and you will be very successful

Take note that there will be scheduled hard fork for bitcoin on this coming november after segwit locked out unlock. There is a possibility for another split and result again to price dump. You can sell right now or gamble until november for the price. Wink

Nicol3

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If I were you and if I don't need the money now I would not cash out my bitcoin because as you could see in the charts/graph bitcoin is increasing every year so it basically is a good investment. This is one of the coins that we should hodl on to for a long time.

MostHigh

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You probably need to wait for sometime because bitcoin is definitely going to go up again. In crpto investment you know u ve got to be patient. Pe patient and you will be very successful

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Quote from: boyptc on August 18, 2017, 07:54:18 AM

Quote from: alexiusredd on August 18, 2017, 04:02:58 AM

It is better to wait when bitcoin rises to 5000+ and then cash out

You can also wait for $10,000 very soon. Just be patient and don't rush things as everything is fine with bitcoin now. The market is fluctuating a very good price and if you want to cash out your bitcoins now. Make sure that there is something important you will purchase because it will be nonsense if you just want to cash out.

It is possible that within years, we will see bitcoin cross $10000.
Because if we see the price growth then we easily judge that within 1 or 2 years bitcoin definitely cross $10000.
For example, if in this year bitcoin will be reached at $5000 than it is so easy to reach for bitcoin at $10000 in the coming 2 years.
It mean now keep the bitcoin in our wallets and wait for a good time.

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Quote from: alexiusredd on August 18, 2017, 04:02:58 AM

It is better to wait when bitcoin rises to 5000+ and then cash out

It took several months to reach that price Cheesy

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It all depends on the circumstances. If you need Fiat now not a bad time to sell bitcoins. But if you have the opportunity to wait and you will soon need the money makes sense to keep the coins. I am sure that very soon we will see the measure of the price level of $ 5,000 or even more.

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Considering the high price of bitcoin right now and it still continue to goes up, for me I will just sit it to my wallet for a couple of weeks or months. Then if you are satisfied with its current value, you could withdraw some amount and keep some of it.

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Quote from: alexiusredd on August 18, 2017, 04:02:58 AM

It is better to wait when bitcoin rises to 5000+ and then cash out

You can also wait for $10,000 very soon. Just be patient and don't rush things as everything is fine with bitcoin now. The market is fluctuating a very good price and if you want to cash out your bitcoins now. Make sure that there is something important you will purchase because it will be nonsense if you just want to cash out.

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Quote from: hassanabid on July 17, 2017, 11:23:47 AM

If you had your payment in BTC, would you cash out your money or you would wait increasing of cryptocurrency?

I think you should wait because there is a possibility that the price of bitcoin will increase in the future and it’s a chance to gain more income. In addition to that, if you really need money I think you should cash out your bitcoin then convert it into fiat. Lastly, I guess it will depend to the people who have bitcoin but I think the best way to do is to wait.

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Quote from: hassanabid on July 17, 2017, 11:23:47 AM

If you had your payment in BTC, would you cash out your money or you would wait increasing of cryptocurrency?

That may depends on your needs. If you need money to satisfy your needs then you can sell, if not then I see no reason for selling your bitcoins.
It happens to me though, I sold my bitcoins recently and now I want to buy the bitcoins and yet I can't even buy the half of bitcoins that I've sold few months ago. So my advice to you, you should hold on your bitcoins until you have something serious, then you may sell some portion of your bitcoins to satisfy your need. I think that would be better for more profits in the future.

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Quote from: kuryadi on August 18, 2017, 07:02:09 AM

If you have bitcoins and you have no interest in buying anything. You should save your bitcoin and hold your bitcoin. You will get a lot of benefits from holding your bitcoin. Botcoin prices are fluctuating and often rise making bitcoin a good investment for your long term. I recommend if the price is high and your bitcoin benefit then you sell your bitcoin part of it. So you can still benefit

Exactly but you should also treat your bitcoins as your EMERGENCY money. The main purpose of earning bitcoins for me is to pay my obligations when the need arises. Let's say I ran out of fiat due to paying monthly bills and there came an unexpected bill that should have been paid months ago, my bitcoins will be my last resort when it comes to these situations. You lose a lot of value when you convert your btcs to fiat due to its volatility. The price of btcs tomorrow might be higher compared today and people must always remember that you should treat your bitcoins as future investments.

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Quote from: kuryadi on August 18, 2017, 07:02:09 AM

If you have bitcoins and you have no interest in buying anything. You should save your bitcoin and hold your bitcoin. You will get a lot of benefits from holding your bitcoin. Botcoin prices are fluctuating and often rise making bitcoin a good investment for your long term. I recommend if the price is high and your bitcoin benefit then you sell your bitcoin part of it. So you can still benefit

The best thing for me is to sell it now on the top and wait for the chart or the price to come down so you can use your sold bitcoins to buy back again and get more bitcoins in quantities and just repeat the process until you gain a lot of bitcoins that can be used for either long term and the rest will be sold for securing profits.

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If you have bitcoins and you have no interest in buying anything. You should save your bitcoin and hold your bitcoin. You will get a lot of benefits from holding your bitcoin. Botcoin prices are fluctuating and often rise making bitcoin a good investment for your long term. I recommend if the price is high and your bitcoin benefit then you sell your bitcoin part of it. So you can still benefit

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Quote from: hassanabid on July 17, 2017, 11:23:47 AM

If you had your payment in BTC, would you cash out your money or you would wait increasing of cryptocurrency?

It is better to hold it, but it depends, if you ever needs money you can just withdraw it but the best move to do is to hold the half and distribute it in different project, I mean invest the other half of your BTC. Just do that cycle each time you earn BTC do this cycle it will be more profit, more capital for you more profit you get, its win win even though it has some risk but it sure worth it because you will gain money while doing it and not just that the most important is knowledge in trading and investment.

lousie9

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Depending on your needs and wants, I will also do the same thing with the thought of continuing to produce bitcoin every day. So the balance will happen because bitcoin has short-term fluctuations that sometimes make us emotional, if we wait for the high price it will be very effective to spend cash every month only.

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It is better to wait when bitcoin rises to 5000+ and then cash out

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